Barventory: Effective and Scalable Inventory Management for Bars

Top 10 Inventory Management Solution Companies - 2020

A mid the COVID-19 pandemic, it has become crucial for logistic companies to learn the art of reacting effectively during unexpected disruptions. On that front, having a clear picture of the inventory has become essential than ever. The pandemic has highlighted the importance of inventory management in logistics in several ways, highlighting unreliable inventory supplies and capacity constraints. Inventory management can alleviate the impact of the pandemic for several industries by helping them manage the demand and recommending how to fulfill it. And the sectors that lacked a sufficient and expansive inventory management system in place have suffered the most in this crisis.

Technological advancements, however, have begun to optimize inventory management by making new levels of accuracy possible. Today, artificial intelligence (AI) can predict what’s being called “near-perfect forecasts” of customer orders, using disparate variables like weather, season, and local events as well. Notably, the application of artificial intelligence (AI) in inventory management is, at present, expanding beyond predictive analysis. AI is aiding warehouse robotics to navigate the warehouse and manage its inventory with surprising efficiency. Another trend that is increasing in importance in the area of inventory management is the omnichannel retail businesses. It is, therefore, essential for retailers and warehouses to develop the inventory management process to keep up with the trend of omnichannel retail.

At this juncture, there are various inventory management solution providers, along with multiple consulting and services companies available in the market that caters to the different needs of the enterprises. To help businesses choose the service, consulting, or solution that best fits their requirement, Logistics Tech Outlook has compiled the list of the top 10 inventory management solution providers and consulting/service companies. The enlisted solution providers and consulting/ service companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you Logistics Tech Outlook’s, “Top 10 Inventory Management Solution Providers – 2020.”

Top Inventory Management Technology Companies

Barventory provides an enterprise grade system for liquor inventory & bar management with dashboard reports and core inventory management software. The company provides a portfolio of proprietary hardware and software offerings that allows bar owners to improve inventory management, thereby driving cost savings and overall business growth. To help bars transition their legacy inventory management system into a digital experience, Barventory has developed two main products, namely its Keg Scale and Bar Top Scale. As the names suggest, the keg scale is designed to accurately record the volumes of beer that is stored in a bar’s kegs, and the Bar Top Scale enables users to identify brands, track the weight of bottles, and place orders for spirit bottles

www.barventory.com

Dynamic Inventory is a state of the art inventory control P.O.S. system for small to mid size businesses. It allows companies to track their inventory, products, vendors, purchase, and sales. Through its inventory management software, Dynamic Inventory allows users to make informed decisions based on real-time data from the software, through a wide range of built-in reports. Its Inventory Control System will provide clients with the tools to accurately forecast future sales by giving them a snapshot of past sales performances. The System will help Increase efficiency and productivity by reducing the amount of time spent on routine and complex tasks

www.dynamicinventory.net

Founded in 1993, Slimstock has become one of the world's leading inventory optimization specialist. Slim4 is an integral solution for forecasting, demand planning and inventory control, and is designed and built to help you get the right inventory to the right place at the right time. Inventory optimization is at the heart of everything that we do; the passion and knowledge that we bring to our relationships have resulted in Slim4 being trusted by over 900 companies in more than 40 countries around the world

www.slimstock.com

Cin7

Cin7

Cin7 is a fully integrated, fully capable solution that gives you enterprise level capability without the traditional costs associated with an ERP type solution. No matter how big or small your business is, Cin7 has a solution that will fit and is easily scaled to meet your needs in the future. Cin7 is an affordable, easy-to-use system, licensed on a subscription basis, that allows mid tier retailers to utilize the kind of systems previously only available to retail giants like Nordstrom, Ikea or Zara

Finale Inventory

Finale Inventory

Finale Inventory is the best cloud inventory software for applications involving high-volume, multi-channel eCommerce and warehouse management. From the ShipStation inventory management integration, QuickBooks integration, and Kitting (Product Bundling) feature, Finale offers a comprehensive solution for multi-channel ecommerce retailers. Finale Inventory makes it a snap to manage your inventory across all the marketplaces (e.g. eBay, Amazon, Magento) products are sold. Prevent overselling and receiving negative reviews by having Finale sync inventory stock levels backs to your selling marketplaces

Kinaxis [TSE: KXS]

Kinaxis [TSE: KXS]

Kinaxis revolutionizes planning by delivering the agility you need to make fast, confident decisions in an unpredictable world. We combine human intelligence with AI and concurrent planning so you can plan better, live better and change the world. "Offers inventory management application that ensures to have the right inventories, at the right place, at the right time to drive improved margins, minimize inventory levels and avoid excess and shortage conditions"

Megaventory

Megaventory

Megaventory can manage products in multiple locations, issue invoices, purchase or sales orders and distribute information across employees, partners or clients in a web based, multiuser environment. Megaventory is a US company founded in 2010 - one of the first to offer online inventory and order management

Orderhive

Orderhive

Orderhive is a SaaS-based web and mobile software application that centralizes all your business channels—inventory management, order processing, shipping, invoicing, and tracking—everything—into one simple, easy-to-use piece of software. Orderhive integrates with over 350 different channels so you can do everything you need to run your business smarter and smoother from one single piece of software

Shipcom Wireless

Shipcom Wireless

Shipcom Wireless Inc., USA, is a world leading provider of integrated supply chain execution and unified asset management software solutions. Headquartered in Houston, TX, USA, with operating branches in Dubai UAE and the Indian subcontinent. Shipcom solutions are trusted by Fortune 100 customers and Governments from around the globe. Provides integrated supply chain execution software solutions, focussing on automatic identification and date collection, RFID and enterprise mobility markets

Systum

Systum

Systum helps SMBs manage inventory, operations, multichannel sales and customer service all from a single software application, providing a comprehensive view of your business. Through real-time customer data, Systum provides business intelligence to transform your growing business into a highly-profitable enterprise. Provides a platform that offers a single interface to access all of the customer facing apps employed in an organization

WithoutWire Inventory Sciences

WithoutWire Inventory Sciences

For nearly 20 years, WithoutWire Inventory Sciences has been utilizing and creating business innovations for the enterprise by developing robust and agile solutions for tracking inventory. It has solutions for Warehousing, Manufacturing, Distribution and Field Service supply chain, as well as any other vertical industries. The company help automate inventory processes with real-time visibility across a diverse eco-system. The company deliver our solutions as licensed on-premise software or cloud subscription services (SaaS)